Economy
December 22, 2013
Federal Reserve Round-up for December
Written by Sandy Williams
Manufacturing activity slowed in the Second and Third Districts in December and fell in the Tenth. The Federal Reserve Bank of New York reported the general manufacturing index for the region at 1.0, up three points from November but indicating flat conditions for the month. Likewise, the Federal Reserve Bank of Philadelphia (Third District) reported index growth of 0.5 for December, up from 6.5 to 7, indicating growth but at a slower pace. The manufacturing index plummeted in the Tenth District said the Federal Reserve Bank of Kansas City, dropping from 11 to -17 with most of the indices that make the composite index falling.
The future manufacturing outlook remains optimistic for the districts, albeit, slightly more cautious than in previous months. The recap is as follows:
